He also is creating a new organization to influence policy makers on the environment, reports Bloomberg.

Soros is the founder of Soros Fund Management LLC, which manages more than $24 billion in investments, much of which belong to Soros himself.

The Climate Policy Initiative, a San Francisco-based organization, is the name of the policy and watchdog group, to which Soros will donate $10 million a year over the course of a decade. The group will attempt to influence policy in the U.S., Europe, China, India and Brazil, among other areas.